Japan Tobacco issues senior notes via subsidiary for debt repayment

Japan Tobacco Inc. (TSE: 2914) announced today that it, along with its subsidiary, JT International Financial Services B.V., has completed the issuance and receipt of proceeds from senior notes in the international securities markets. JT issued US$800 million in straight bonds maturing in 2028 with an interest rate of 4.85% per annum, US$900 million in straight bonds maturing in 2030 with an interest rate of 5.25% per annum, and US$800 million in straight bonds maturing in 2035 with an interest rate of 5.85% per annum. JT International Financial Services B.V. issued EUR550 million in euro notes maturing in 2035 with an interest rate of 4.125% per annum. The notes will be listed on the Luxembourg Stock Exchange Euro MTF. The proceeds from these issuances are earmarked for the repayment of existing interest-bearing debt. The notes are offered in the United States only to qualified institutional buyers in accordance with Rule 144A.